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Lawsuit Watch

Aspen realtor James Valerio has sued AIG for refusing to cover damage incurred on his Conundum Creek Road home when a large boulder crashed into his master bedroom this spring. AIG has claimed that the incident, in which "ice jacking" dislodged the boulder and sent it rolling some 1,250 feet before crashing into the home, is not covered under the "earth movement" section of Valero's $4.7 million policy. [Aspen Daily News]